Commodities snapshot (precious & industrial)

Metal pack is up today. Performance this week at a glance in chart & table -

Gold -

• Gold is gaining despite better payroll data and rise in equities. Today's range $1250-1275 
• Gold is currently trading at $1266/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.
• Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

• Silver is best performer today. Today's range $15.53-15.03
• Silver is currently trading at $15.41/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper is heading higher highs after break above key resistance. Best performer this week Today's range $2.25-2.21
• Longer term Call - Sell Copper targeting $1.85/pound. In the short run Copper might rise to as high as $2.25 area.
• Copper is currently trading at $2.23/pound, immediate support lies at, $2.12 & resistance at $2.26